It's time to print some money. - From end of article
It would seem to me that printing more money, and therefore causing the value of said money to drop (inflation) you would only be band-aiding a wound, a wound that needs to actually heal. Unless I'm misunderstanding the author.
AFAIU the idea is that by printing money you basically take the money stuffed into matresses and give them to the disposal of the state. The question, of course, is whether the state is able to use them in such a way as to make them flow rather than get stuck once again.
It would seem to me that printing more money, and therefore causing the value of said money to drop (inflation) you would only be band-aiding a wound, a wound that needs to actually heal. Unless I'm misunderstanding the author.